openPR Logo
Press release

Wind Turbine Market Anticipated to Garner $134.6 Bn by 2023 at 7.2% CAGR

04-17-2019 07:39 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Wind Turbine

Wind Turbine

The global wind turbine market is expected to grow at a CAGR of 7.2% from 2017 to 2023, driven by the advent of more reliable & efficient wind turbines and a shift towards the adoption of renewable resources. The onshore segment would continue its dominance throughout the forecast period, while the commercial segment would register the highest growth rate in the near future. Regionally, Europe is expected to register the highest CAGR of 7.4% during the forecast period.

wind turbine market accounted for $81.1 billion in 2016 and is projected to reach $134.6 billion by 2023, growing at a CAGR of 7.2% during the forecast period, 2017-2023.

Rapid technological advancement assisting the development of more reliable & efficient wind turbines, depleting natural energy resources, and increasing government initiative to support alternative sources of energy drive the growth of the global wind turbine market. Additionally, a decrease in wind energy prices and reduced lead time for planning and constructing wind turbines is set to provide lucrative opportunities for new market players in the near future. However, heavy investment for the manufacturing and installation of wind turbines restrict market growth.

Get 20% Discount on All License Type: https://www.alliedmarketresearch.com/checkout/96558 *Offer Valid till 20th April 2019

By type of wind farm, the onshore segment occupied 96% of the global shares in 2016 and is expected to continue its dominance through 2023, due to least dependence on the infrastructure to transmit energy from onshore turbines than offshore ones. However, the offshore segment is poised to register the highest CAGR of 7.9%, on account of greater efficiency due to consistency in wind speed and direction.

By application, the industrial segment is expected to generate the highest revenue through the forecast period, on account of high energy demand in chemical, pharmaceutical, textile, and other sectors which are fulfilled by reliable wind power. Moreover, the commercial segment is projected to grow at the highest CAGR of 7.5%, due to the growing adoption of reliable wind energy in schools, colleges, office buildings, and government offices.

Regionally, Europe is expected to witness the highest growth rate due to the current focus on wind turbine capacity expansion and relative investment to install wind turbine after 2020 to make wind energy as the largest energy source.

Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/192

The key players analyzed in the report include Vestas Wind Systems A/S, Sinovel, Goldwind, Siemens, General Electric, Suzlon Energy Ltd., Enercon GmbH, Ming yang, Gamesa, and Guodian United Power Technology Company Ltd. They have adopted different strategies including collaborations, joint ventures, partnerships, expansions, mergers & acquisitions, and others to gain a strong position in the industry.

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free (USA/Canada):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1?855?550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Wind Turbine Market Anticipated to Garner $134.6 Bn by 2023 at 7.2% CAGR here

News-ID: 1707769 • Views: 318

More Releases from Allied Market Research

Diphtheria, Tetanus, and Pertussis (DTP) Vaccine Market Expected to Reach $7.05 …
According to a new report published by Allied Market Research, titled, “Diphtheria, Tetanus, and Pertussis (DTP) Vaccine Market by Product, Age Group, and End User: Opportunity Analysis and Industry Forecast, 2020–2027," the global Diphtheria, Tetanus, and Pertussis Vaccine market was valued at $ 4,758.8 million in 2019 and is expected to reach $ 7,054.4 million by 2027, with a CAGR of 5.1% from 2020-2027. The DTaP segment accounted for major
Burn Care Market Expected to Reach $3,134 Million by 2027
According to a new report published by Allied Market Research, titled, “Burn care Market by Product, Depth of Burn, and End User: Opportunity Analysis and Industry Forecast, 2020–2027," the global burn care market size was valued at $1,992 million in 2019, and is projected to reach $3,134 million by 2027, growing at a CAGR of 5.6% from 2020 to 2027. Click Here To Access Free Sample Report: https://www.alliedmarketresearch.com/request-sample/4395 Burns are injuries
Drug Delivery Devices Market projected to Cross $26.7 Billion by 2026
Drug Delivery Devices Market size was valued at $19 billion in 2018, and is expected to reach $26.7 billion by 2026, registering a CAGR of 4.3% from 2019 to 2026. Drugs are used to improve health and to extend lives. However, the medications can be taken in various ways, including by swallowing, by absorption, by inhalation, through the skin, and by intravenous injection. For this, the drug delivery devices are developed,
Pharmaceutical Filtration Market on Position to Hit $7.74 Billion by 2026
Pharmaceutical filtration is defined as a filtration process to separate suspended particles from a medium or solution by passing them through a membrane. They reduce or eliminate the bacteria or other microorganisms in process components. The filtration process can be combined with other pharmaceutical manufacturing operations. Pharmaceutical filters are used in the production of small molecule ingredients such as active pharmaceutical ingredients (APIs) and pharmaceutical excipients. In addition, it is

All 5 Releases


More Releases for Win

Get Visual. Win Contracts.
Government Contracting Institute—Linthicum Heights, MD—February 24, 2016— On Tuesday, March 1, the Government Contracting Institute (Institute) presents an in-person only course entitled, “Billion Dollar Proposal & Presentation Graphics” at TargetGov headquarters in Linthicum Heights, MD. This unique in-person hands-on course trains people who have no graphics background to create visually communicative, compelling graphics that will help their companies win Government contracts—without using expensive, complicated software. Qualified companies who do not
Local Moms Win Mommy Blog Contest
Brockton, MA (Jan. 28, 2013) – Six local moms have been selected as featured bloggers for the Signature Moms Blog, www.signaturemoms.com, sponsored by Signature Healthcare. The mommy bloggers were identified through a contest sponsored by the hospital where moms were encouraged to visit Signature Healthcare’s Facebook page and post a written narrative explaining why they would be a great blogger. The six new mommy bloggers will join current Signature Moms
Siteimprove Clients Win Awards for Websites
London, England, August 19th, 2011: Public Sector Information (PSI) held the award dinner called Good Communication Awards in London, England. Two out of five awards were presented to Siteimprove clients, Derbyshire County Council, who won Local Authority of the Year 2011, and Lincolnshire County Council, who won Government Website of the Year 2011. The two winners utilise Siteimprove tools to help maintain and manage their websites. Government Website
Win US$100 On Dalili.com.eg!
Cairo, Egypt – December 24, 2010 – Dalili.com.eg is running a contest from December 12, 2010 until January 30, 2011 to encourage its users to write and submit reviews of the establishments they visit and the businesses at which they shop. A cash prize of US$100 is awarded to the user that writes the most qualifying reviews each week. The rules are easy. To qualify, the user must write at least
TMI cagers win coast tourney
The mens varsity basketball team of TMI – The Episcopal school of Texas won the annual Marlin Classic Tournament, held Nov. 18-20 at Port Aransas High School. The Panthers won all four of their games to claim first place, while guard Nathanael Sherrod, a junior, won Most Valuable Player, and guard Mario Duran, also a junior, was named to the All Tournament team. “We are off to a good start
Mindfire Professionals win ISTQB Certification
06/24/2010, New Delhi, India: Mindfire Solutions announces that another batch of its software professionals have cleared the prestigious “Foundation Level Certification in Software Testing” certification organized by Indian Testing Board (ITB). Indian Testing Board (ITB) is the International Software Testing Qualifications Board (ISTQB) approved national board for India. ITB is responsible for the "ISTQB-Certified-Tester" Certification in India. The ISTQB was officially founded as an International Testing Qualifications Board in Edinburgh